Rabach Marcelo 4

What Happened

• Marcelo Rabach, a director of Arcos Dorados Holdings Inc. (ARCO), was granted 4,435 Phantom Restricted Stock Units (Phantom RSUs) on May 10, 2026. The award is a derivative, cash-settled instrument; the filing shows no per-share price or total dollar value (listed as N/A). This is an award/grant (transaction code A), not a purchase or sale.

Key Details

• Transaction date: 2026-05-10; Form 4 filed May 12, 2026 (reporting the May 10 grant).
• Instrument: 4,435 Phantom RSUs (derivative award); price/value reported as N/A.
• Shares owned after transaction: not disclosed in the Form 4.
• Footnotes: F1 — each Phantom RSU represents the cash equivalent of the closing price of one Class A common share on the vesting date plus any dividends paid since grant. F2 — the Phantom RSUs were issued under the issuer's Phantom RSU compensation policy without instruction from the reporting person.
• Filing status: No late filing flag in the report; the Form 4 was submitted after the grant date.

Context

• Phantom RSUs are cash-settled awards that pay the holder an amount tied to the company’s share price at vesting (plus dividends), so they do not immediately increase the insider’s share count. Grants like this are routine executive/board compensation and are not the same signal as open-market purchases or sales.